Avantel Ltd Secures Rs 20.81 Crores Purchase Order from Larsen & Toubro Limited
Avantel Ltd has secured a significant purchase order worth Rs 20.81 Crores (inclusive of applicable taxes) from M/s Larsen & Toubro Limited (L&T). The contract relates to the provision of services concerning SATCOM Products, as per an intimation dated July 17, 2026.The transaction involves a domestic entity and falls under the service sector. L&T is set to execute these services during the period ending in July 2027.
Key details regarding this contract are provided below:
| Particulars | Description |
|---|---|
| Name of Entity awarding the order(s) | M/s Larsen & Toubro Limited |
| Nature of Order(s)/Contract(s) | Service |
| Order Origin Type | Domestic |
| Broad Consideration / Size of Order(s)/Contract(s) | Rs 20.81 Crores (Incl. Taxes) |
| Execution Timeline | July 2027 |
The order pertains to the service of SATCOM Products. Regarding governance, it was confirmed that there is no interest from the promoter or promoter group in M/s Larsen & Toubro Limited. Furthermore, the contract does not fall under related party transactions.
AVANTEL Stock Price Movement
On Friday, Avantel Limited shares shed 1.93%, settling at ₹170.14 after a drop of ₹3.34. The stock recorded robust intraday activity, trading a total volume of 1.49 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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